3 Warning Signs that Your ID Document Verification Process is Hurting Your Bottom Line
Warning signs that indicate your documentary checks are potentially risking poor user experience, your company’s bottom line, the safety and security of other users – or all of the above. If these warning signs sound familiar, we’ll walk you through countermeasures for creating a best practices approach.
Learn how a 5% decrease in abandonment and a 5% decrease in False Acceptance Rate (FAR) could result in an increase of $21M or 27% in annual revenue for your business.
In this eBook, you will learn about:
- Identity proofing that involves a selfie with biometrics to match the ID and detect liveness as an extremely strong verification tool.
- The multiple ways synthetic identities, scammers, and underage users are slipping through ineffective ID checks, costing billions.
- How subpar ID verification can incorrectly reject over 10% of legitimate applicants due to poor quality images, data extraction issues and more which directly hurts your bottom line.
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Socure - The Leading Platform for Digital Identity Verification and Trust
Socure’s predictive analytics platform applies artificial intelligence and machine learning technology with trusted online/offline data intelligence from email, phone address, IP, device, velocity, and the broader internet to verify identities in real time.